14222 Tiara StreetSherman Oaks, California91401

Overview

Calling all developers, builders, and investors! READY TO ISSUE development project in SHERMAN OAKS! Just pay permit and fees and start building! Flat lot, no easements, planned building is completely above grade. Easy access to 405, 101 and 170 Freeways and 1 mile away from the gorgeous Lake Balboa Park. Each of the three (3) tri-level contemporary-style townhomes of approximately 1,700SF will have 3 beds, 3 baths, a rooftop patio, and private 2-car garages. Total building area is 5,166 SF; Survey and plans approved by Building Department, and approved tentative parcel are included with sale and delivered at closing. Don't miss this incredible opportunity! There is an existing house of 1,033 SF on site; 3 bedroom 1 bath in great shape with one car garage rented for $2,000 per month. The property can also be delivered vacant.

Van Nuys Trends

Homes in Van Nuys are on the market for an average of 49 days and are typically purchased at or above asking price. Property taxes hover around $8,179 per year, and homeowners' association fees are approximately $275. On average, homes here are $337 per square foot and typically list for around $490,000.